Nvidia surpasses Google to become the third most valuable US Company
By MYBRANDBOOK
As the third most valuable US Corporation, Nvidia has overtaken Alphabet, the parent company of Google. The buzz surrounding artificial intelligence driving up demand for Nvidia's chips caused the company's stock worth to soar to a record $1.83 trillion during the trading session, barely surpassing Alphabet's $1.81 trillion market capitalization.
Alphabet's stock was steady, resulting in a slightly higher valuation of $1.810 trillion, whereas the company's stock was up 1.5% at the prior trading session to reach $1.807 trillion.
Post implosion in usage of ChatGPT, Nvidia has been a top beneficiary of technology companies’ race to build AI into their products and services, and the latest gain in its stock comes a day after it ended a session with a market capitalization above Amazon’s for the first time in two decades.
Nvidia controls about 80% of the high-end AI chip market, a position that has sent its stock up 47% this year after more than tripling in 2023. Customers face shortages of Nvidia’s top-of-the line components while AI developers face months-long waiting lists to use its processors through cloud-computing providers.
In 2024, Nvidia's m-cap was $1.8 trillion as against Intel's $185-billion valuation. Right now, with NVIDIA's stock fast approaching $2 trillion-mark, he is worth $65.3 billion.
Nvidia's m-cap has hit new highs ever since a report said, earlier this month that OpenAI CEO Sam Altman is in talks with investors, including the UAE, to raise funds for a tech initiative to boost the world's chip-building capacity and expand its ability to power AI. The project could require raising as much as $5 trillion to $7 trillion.
Since January 1, Nvidia has added $650 billion to its market cap, which is more than entire market cap of Tesla. Since October 2022, Nvidia has added a massive $1.5 trillion to its market cap.
BREAKING NEWS
TECHNO TRENDS
Nazara and ONDC set to transform in-game monetization with ‘
Nazara Technologies has teamed up with the Open Network for Digital Comme...
Jio Platforms and NICSI to offer cloud services to government
In a collaborative initiative, the National Informatics Centre Services In...
BSNL awards ₹5,000 Cr Project to RVNL-Led Consortium
A syndicate led by Rail Vikas Nigam Limited (abbreviated as RVNL), along wi...
Pinterest tracks users without consent, alleges complaint
A recent complaint alleges that Pinterest, the popular image-sharing platf...
E-Magazine
TECHNOTAINMENT
Netflix adds 'Moments' feature for saving, sharing scenes from
Netflix has introduced a new “Moments” feature on its mobile app, whic
Jacqueline Fernandez come together with YouTuber Mr. Beast for
Jacqueline Fernandez has partnered with American YouTuber Mr. Beast to b
MOVERS & SHAKERS
Visa elevates Rishi Chhabra as new Country Manager for India
Rishi holds a Master’s in Industrial Engineering from The Ohio State Univ
Genesys welcomes Albert Nel as Senior VP and Regional Sales Le
Genesys continues to deepen its investment in the APAC region. Earlier this
OPEN YOUR EYES
INTERVIEWS
Delivering Critical Business Communication Solutions to Enterp
Arya Omnitalk and Syntel’s comprehensive suite of solutions and more than
Alpha Max offers high end solutions in the network space to en
The vision at Alpha Max is to attain quality as the trademark and create a
HOT PICK
SonicWall Launches TZ80: A Powerful Solution for Remote Office
SonicWall announced today the launch of the TZ80, a groundbreaking securit
Gigabyte X3D Turbo: A Gaming Revolution
GIGABYTE X3D Turbo Mode is a cutting-edge feature that unifies cores distr
MAKE IN INDIA BRANDS
TP-LINK INDIA PVT. LTD.
ACER INDIA PVT. LTD.
SAMRIDDHI AUTOMATIONS PVT. LTD.
WIPRO LTD.
EMINENT CIO'S OF INDIA
ICONS OF INDIA
Icons Of India : Anil Agarwal
Anil Agarwal, the Founder and Chairman of Vedanta Resources Ltd., is r...
Icons Of India : Dr. Arvind Gupta
Arvind Gupta is the Head and Co-Founder of the Digital India Foundatio...
Icons Of India : NANDAN NILEKANI
Nandan Nilekani is the Co-Founder and Chairman of Infosys Technologies...
PARTNER SPEAKERS
PSU
NIC - National Informatics Centre
NIC serves as the primary IT solutions provider for the government of ...
CSC - Common Service Centres
CSC initiative in India is a strategic cornerstone of the Digital Indi...
ITI - ITI Limited
ITI Limited is a leading provider of telecommunications equipment, sol...
VIDEOS
Top 25 Brands
Global Indian industry
Indian Tech Talent Excelling The Tech World - AJAY BANGA, President - World Bank
Ajay Banga is an Indian-born American business executive who currently...
Indian Tech Talent Excelling The Tech World - Thomas Kurian, CEO- Google Cloud
Thomas Kurian, the CEO of Google Cloud, has been instrumental in expan...
Indian Tech Talent Excelling The Tech World - JAY CHAUDHRY, CEO – Zscaler
Jay Chaudhry, an Indian-American technology entrepreneur, is the CEO a...
STARNITE AWARDS 2024
ITFORUM 2024
CMO of the Year
WOMEN LEADERSHIP
IMAGE GALLERY
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
